HOW MANY INNOCENT PEOPLE WILL BE MURDERED BY BLACKS TODAY?..........THE LOOTING ACROSS AMERICA is as black as the staggering murder and crime rates of BLACKS ACROSS AMERICA. Black Lives Matter? NO LIFE MATTERS TO BLACKS!

Rather than Hope and Change,
Obama is delivering corporate socialism to America, all while claiming he’s
battling corporate America. It’s corporate welfare and regulatory robbery—it’s
Obamanomics.

*

Every time it seems is if the
Obama Administration cannot sink any lower in its efforts to deceive the
American taxpayer, the limbo stick comes out, and Americans get to see, once
again, just how low the Obama Administration can go. Team Obama's Regulations
Review seems to be a colossal fraud, during the course of which, agencies are
actually increasing the regulations affecting individuals and businesses.

*

Banks, hedge funds and other
financial firms lavishly backed his presidential bid, giving him considerably
more than they gave to his Republican opponent, Senator John McCain.

Records show that four out of Obama's top five contributors are
employees of financial industry giants - Goldman Sachs ($571,330), UBS AG
($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).

*

There was some press
speculation that Daley’s departure was related to Obama’s decision to base his
reelection campaign on attacking congressional Republicans for obstructing his
supposed jobs initiatives, combined with doses of populist rhetoric about
defending the middle class and fighting Wall Street. Whatever electoral
calculations may have been involved, however, the shift in White House
personnel does not reflect any change in the right-wing, pro-corporate policies
of the Obama administration.

On the contrary, the
appointment of Lew underscores the incestuous relationship between the Obama
White House and Wall Street. All three of Obama’s chiefs of staff—Rahm Emanuel
(2009-2010), Daley (2011-2012) and Lew—are multi-millionaires who made their
fortunes as top executives of major banks.

He was brought in, replacing
interim White House head Peter Rouse, to reassure the corporations and banks
that Obama would fully implement their agenda of deregulation and austerity and
to conciliate the Republicans. His appointment signaled a further shift to the
right by the Obama administration.

Daley resigns as White House chief
of staff

By Barry Grey
11 January 2012

President
Barack Obama on Monday announced the resignation of his chief of staff, William
Daley, and the appointment of the current budget director, Jacob Lew, to
replace him. Daley is expected to become
co-chair of Obama’s reelection campaign, where he will use his Wall Street
connections to raise millions in campaign cash from the financial industry.

According
to numerous reports, Daley’s departure, coming after a bit less than a year at
the top White House post and at the start of an election year, took Obama by
surprise. Only last October Daley had said he would remain until after the 2012
elections.

However,
it had been widely reported that Daley was the focus of tensions within the
White House, and last November, after the administration failed to secure a
“grand bargain” deficit-cutting deal with the Republicans, Daley announced he
was giving up day-to-day management of White House affairs.

There was some press
speculation that Daley’s departure was related to Obama’s decision to base his
reelection campaign on attacking congressional Republicans for obstructing his
supposed jobs initiatives, combined with doses of populist rhetoric about
defending the middle class and fighting Wall Street. Whatever electoral
calculations may have been involved, however, the shift in White House
personnel does not reflect any change in the right-wing, pro-corporate policies
of the Obama administration.

On the contrary, the appointment of Lew
underscores the incestuous relationship between the Obama White House and Wall
Street. All three of Obama’s chiefs of staff—Rahm Emanuel (2009-2010), Daley
(2011-2012) and Lew—are multi-millionaires who made their fortunes as top executives
of major banks.

Emanuel,
who resigned in September 2010 to run for mayor of Chicago, made more than $18
million in the two-and-a half years he spent at a Chicago investment firm
between a stint in the Clinton White House and six years in the House of
Representatives. He left Congress in 2009 to run the Obama White House. Emanuel
was the top recipient in the House of Representatives of campaign contributions
from hedge funds, private equity firms and the broader investment industry
during the 2008 election cycle.

Daley, son and brother of
Chicago’s longest-serving mayors, headed the Commerce Department under Clinton
and then joined JPMorgan Chase, where he made millions as the bank’s Midwest
chairman and head of its global lobbying department, where he worked to block
Obama’s new consumer financial protection bureau.

Long
considered a representative of the right wing of the Democratic Party, even as
the party as a whole lurched ever more to the right, Daley was tapped by Obama
following the Democratic rout in the 2010 congressional elections. He was brought in, replacing interim White
House head Peter Rouse, to reassure the corporations and banks that Obama would
fully implement their agenda of deregulation and austerity and to conciliate
the Republicans. His appointment signaled a further shift to the right by the
Obama administration.

Lew
is a longtime Washington insider, having served as a top adviser to the late
House Speaker Tip O’Neill in the 1980s and director of the Office of Management
and Budget (OMB) in the final years of the Clinton administration. He was
deputy director of the State Department under Hillary Clinton in 2009 and 2010,
until he left to become OMB director for Obama.

Prior
to joining the Obama administration, Lew spent three years as a top executive
at Citigroup. (The man he replaced as budget director, Peter Orszag, accepted a
multi-million-dollar position as a high-level Citigroup official within months
of leaving his post in the Obama administration).

In
2008, at the time of the financial crash, Lew was chief operating officer of
Citigroup Alternative Investments, an internal private equity, hedge fund and
real estate investing arm of the bank. Lew’s unit invested heavily and
profitably in the hedge fund managed by billionaire John Paulson, which made
billions of dollars by betting that the subprime housing market would collapse.

Paulson
was named by the Senate Permanent Subcommittee on Investigations as well as the
Securities and Exchange Commission as playing a central role in securities
fraud committed by Goldman Sachs. Both federal bodies charged that Goldman made
millions by selling subprime-backed securities to investors, without telling
them that the underlying mortgages had been hand-picked by Paulson, who was,
along with Goldman, betting that the securities would collapse.

For
his contribution to the financial collapse, Lew received a salary of $1.1
million. Two weeks before he joined the Obama State Department, and after
Citigroup had received $45 billion in taxpayer bailout money, Lew was awarded
an additional $900,000 bonus by Citigroup.

Lew
headed up the Obama administration’s efforts to forge an agreement with
congressional Republicans over the spring and summer for $4 trillion in
deficit-reduction over the next decade. The White House and the Republican
leadership created a crisis over the deadline for raising the federal debt
limit in order to push through unprecedented cuts in basic social programs.

Under
Lew’s direction, the administration sought to outflank the Republicans from the
right, including in its budget proposal cuts in Social Security as well as
billions in reductions in Medicare and Medicaid. The deal collapsed as a result
of Republican opposition. In the end, the two sides passed a scaled-down plan to
slash $2.4 trillion, including sweeping cuts in food stamps, home heating
assistance, public health and housing. The agreement excluded any tax increase
on corporations or the rich.

Both
the Democrats and Republicans acknowledge the August 2011 deal to be a mere
down payment on more massive cuts to be enacted after the November elections.